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ryno6604

ryno6604

Beginner (17)

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Submitted 694 days ago...

onlyalady

onlyalady

New User (2)

REPO LAWS IN ALABAMA

HOW CAN A VEHICLE BE LEGALLY REPOED IN ALABAMA AND WHAT STEPS MUST BE FOLLOWED?

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Answer 1 / 2 - Submitted 661 days ago...

airforcemom

airforcemom

Expert (828)

Not sure about your state, but usually if no pymt received for 90 days, they will take it.
They just come & get it.

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Answer 2 / 2 - Submitted 632 days ago...

ryno6604

ryno6604

Beginner (17)

That's not necessarily true. Your payments can be caught up but if you owe late fees and the finance company tells you not to worry about them-- DO. When the fees get enough behind and the finance company simply decides they no longer wish to carry you as a customer, they will come get your vehicle and the bad thing is most of the companies out there are just crooked enough they will sell your vehicle before the 30 days that you are suppose to have by law to get the vehicle back. Also most finance companies want the remaining sum of the outstanding balance owed to them in order to get your vehicle back. Then they run your vehicle through the auction and get what they can for it and send you a bill for the remaining amount of the loan. You are then left with no vehicle, and still owe the finance company a large sum of money usually. Because they take what ever amount of money they can get for it at the auction. Case in point try not to ever get behind and if you do don't listen to the finance companies and do go ahead and pay any late fees that may have accrued.

 

This Question was awarded 590 days ago therefore you can no longer post an Answer. However you may post a comment below.

 
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Comment 1 / 3 - Submitted 590 days ago...

onlyalady

onlyalady

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This answer gave me more information.

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Comment 2 / 3 - Submitted 588 days ago...

ryno6604

ryno6604

Beginner (17)

I'm so glad I was able to help someone out there.

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Comment 3 / 3 - Submitted 33 days ago...

210Tuwano

210Tuwano

New User (3)

I had 2004 Chevy Blazer it was Repo on October 8, 2009 here in Birmingham, Alabama. The Bank told me I will have to pay 2400 to get the car beck and then they said I can't pay anything because the loan has been closed. I have the money and I am willing to pay for the car and initialy they told me I have until October 25, 2009 to pay for my car. I want to know is this legal what they just told me that I have to pay the full amont.

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